Property Management Flashcards
1
Q
How do you ensure a contractor is safe for repairs?
A
Approved contractors list
Minimum PL cover £5m
2
Q
What is RPI and how is this calculated?
A
Retail Price Index, taken from office for national statistics.
Take the review dates appropriate figure, deduct the original RPI and divide by the original to calculate a percentage increase, then apply to the original rental to calculate the revised rent.
3
Q
Which act governs ASTs?
A
Housing Act 1988
4
Q
What does the statute of limitation state in terms of how far back arrears can be claimed?
A
arrears can only be chased for 6 years
5
Q
At the Wootton Estate, how thick was the loft insulation required?
A
270mm
6
Q
A
